Quotessence
Home / Quotes / Quote by Mark Twain

Quote by Mark Twain

Work

Mark Twain on Common Sense: Timeless Advice and Words of Wisdom from America's Most-Revered Humorist

This book compiles a selection of Mark Twain's insightful and humorous observations on life, society, and human nature, offering readers a glimpse into the mind of one of America's most beloved authors. more

Author

Mark Twain
Mark Twain

Mark Twain, born Samuel Langhorne Clemens, was a renowned American author and humorist in the 19th century. His works are characterized by humor, satire, and profound social insight, with notable novels such as 'The Adventures of Tom Sawyer' and 'The Adventures of Huckleberry Finn'. more

You May Also Like

“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

“The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.”

“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.”

“I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.”